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Title: A Basic Analysis Of The Balkan Economy In Relation To The E.U.

Essay Details

Subject: Business
Date: December 11, 2001
Length: 36 / 10687
No of views: 0
Essay rating: good 0, average 0, bad 0 (total score: 0)

Essay text:

The same effect on marginal utility would take place if the amount consumed further increase. Since marginal utility diminishes as the quantity of fish consumed increases, we are faced with diminishing marginal utility. The point is that no matter how good the the consumer's fish dinners are , the more that is consumed, the less satisfaction will the consumer have compared to the initial portion...

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This of course is down to personal taste, for consumer A may have a diminishing marginal utility that decreases a lot more slowly than consumer B. The fact remains, that at some point, both comsumers will become saturated by their love for seafood and the law of diminishing marginal utility will make itself apparent...

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